Interest Free Laundromat Purchase
Passaic County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $55,000 |
$112,000 |
$25,625 |
Furniture and Fixtures Value:
$75,000 (included in the asking price)
Inventory Value:
$1,000 (included in the asking price)
Business Summary:
Laundromat completely absentee except for money pick up. 51 machines (Coin) 23 washers intermix of make and sizes 14 double stack dryers (28) in very good condition. Has all necessities counter, money changes, TV’s tables, chairs, vending machines (2);(Owned by Seller.) Does $15,600 W/F, Drop off $11,000 in small mall setting with sufficient parking. Competition in area. This store can use some TLC since prices are lower can compete and do better business owner in bail bond business, doesn’t even have time to count money. Any strong buyer can receive back money with amount down covered in first year with some improvements. Owner willing to negotiate, no interest financing to strong buyer.
Any experienced and innovated Buyer has to make himself a good return on purchase of Laundromat. For further information, please contact Vito Mastromonaco at 908-851-9040 Ext 285
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| Year
Business was Established: 1992 |
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| Number of Employees:
2 |
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| Facilities / Terms of Lease:
1,100sq.ft situated in small strip center with parking, 5 year lease, 5 year option more options easily obtainable, 51 machines, 28 dryers are good- can use face lift has large outside sign. |
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| Potential
Growth/Expansion:
Business would increase for new absentee owner if he gave it some time to improve situation and keep after the help employed there |
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| Competition:
Large competition in area this Laundromat is lowest price on machines so will continue to do its share of business |
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| Owner
willing to finance:
Owner willing to finance $50,000 interest free to a strong buyer with reasonable down payment at time of offer. |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Owner in business that gives him no time to check on Laundromat bail bonds |
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| REQUEST MORE INFO |
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